1305 Cameo Lane, Fullerton, California 92831, Fullerton, 92831 - 3 bed, 3 bath
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Fullerton, California 92831
This Strategic Residential Asset is listed at $724,900, offering a stable acquisition at its $724,489 Fair Market Value. Featuring a City Lights View and a functional 3-bedroom layout, the property holds a Condition Rating of 4, indicating a well-maintained interior ready for modern cosmetic updates. Its prime location near CSUF and within the Fullerton Joint Union High district ensures high rental demand and long-term desirability. This property is an ideal match for Buy-and-Hold Investors or first-time buyers looking to build equity in a high-amenity community.
Property is moderate renovation needed.
Built in 1964, this property shows signs of regular maintenance but has not undergone a recent extensive renovation. The kitchen features dated light wood cabinets, an older white electric range and microwave, and dated tiled flooring, though it does have granite countertops and a newer stainless steel refrigerator. Bathrooms appear functional, with one showing a more modern glass shower enclosure, but overall styles are not contemporary. Other areas feature a mix of hardwood/laminate and dated tile. The property is livable but requires minor updates to modernize its aesthetic and bring key areas like the kitchen and some flooring up to current standards.
Situated in a highly desirable area, offering convenient access to California State University, Fullerton (CSUF), making it an excellent investment opportunity for college-bound students or rental income.
Residents benefit from a rich array of shared facilities, including two swimming pools, a kiddy pool, a basketball court, and a clubhouse, enhancing lifestyle and recreational options.
The property boasts a captivating city lights view, adding significant aesthetic appeal and value.
A substantial monthly association fee of $410 adds a considerable recurring cost to homeownership, which potential buyers must factor into their budget.
Built in 1964, the property is 60 years old, suggesting that some systems or finishes may be original or require updating to meet modern standards and preferences.
Despite being listed as a 'Single Family Residence,' the extremely small lot size (1161 sqft) indicates minimal private outdoor space and suggests it functions more like a PUD or condo, which might not align with traditional SFR buyer expectations.
Great location . Close to the college CSUF . 2 swimming pools and a kiddy pool . Basketball court. Nice Clubhouse for you entertaining enjoyment . Great for your kids as an investment when they go to College . Carport with storage and an enclosed garage .
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 3.0 | 2.0 | 58% |
| Square foot | 1,562 | 1,810 | 37% |
| Lot Size | 1,161 | 7,729 | 2% |
| Price | $724.9K | $1.13M | 5% |
| Price per sq ft | $464 | $669 | 7% |
| Built year | 1964 | 1956 | 76% |
| HOA | $410.0 | $0 | 97% |
| Days on market | 648 | 117 | 0% |
Sep 3, 2024
$724,900
Initial Listing